LIC Q4 Results: Profit Falls 17%; To Disclose Embedded Value By June-End

Life Insurance Corporation of India’s fourth-quarter profit fell even as net premium rose.

LIC FY22 Highlights

• Net premium earned increased 6% to Rs 4.3 lakh crore.

• After-tax profit rose 39% to Rs 4,125 crore.

• Earnings per share improved to Rs 6.52 from Rs 4.70.

• Persistency ratios by premium for the 13th month fell 319 basis points to 75.59%, while it improved for the 61st month by 221 basis points to 61%.

The insurer, in a statement to stock exchanges, said it is in the process of determining Indian embedded value as on March 31, 2022 and that's expected to be completed by June 30. The insurer will also disclose other financial metrics including value of new business growth and VNB margin.

Shares of LIC closed 1.89% higher before the results were announced on Monday, in line the benchmark Sensex’s gain.